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Winning streak continues for local home sales


Cincinnati home sales reached a six-year high last month.  The Cincinnati Area Board of Realtors  says January closings rose 30 percent compared to a year ago.  

Board president Kevin Kelly says the continued upward momentum of Cincinnati home sales is a strong indicator the local economy is recovering.  He says mortgage rates are maintaining their historic lows, the inventory of homes remains low and the number of buyers looking for a home is increasing, all factors that will help the local housing market. 

Northern Kentucky realtors also saw an increase.  Home sales there rose almost 17 percent last month compared to a year ago, the best January in five years.

Last month marked 19 consecutive months of increased home sales for Cincinnati and and 18 for Northern Kentucky.